PROJECTS: ‘Long-term contracts help Tristar maintain its revenue streams during the pandemic’ – ZAWYA

PROJECTS: ‘Long-term contracts help Tristar maintain its revenue streams during the pandemic’ – ZAWYA

PROJECTS: 'Long-term contracts help Tristar maintain its revenue streams during the pandemic' A resilient business model has helped Tristar face the current crisis without taking drastic measures, according to Group CEO Eugene Mayne    Image used for illustrative purpose. A general view of oil storage tanks at Chemoil's Helios terminal on Singapore's Jurong IslandWhile energy logistics sector has been laid low by the double whammy of the coronavirus pandemic and slumping oil prices, Dubai-based Tristar Group has navigated the twin impacts without resorting to extreme measures, the Group CEO said.Eugene Mayne told Zawya that the liquid logistics company has assured its employees that there would no redundancies or salary cuts due to COVID-19. Rather, the emphasis has been on reducing administrative costs to mitigate the virus impact."Tristar has a resilient business model and has been successful for over two decades which is primarily due to our excellent workforce and our people-led approach to business," he said.Eugene Mayne told Zawya that the liquid logistics company has assured its employees that there would no redundancies or salary cuts due to COVID-19. Rather, the emphasis has been on reducing administrative costs to mitigate the virus impact.While energy logistics sector has been laid low